The recent fire in Holborn highlighted an important lesson in business continuity and disaster recovery (BC/DR) planning: when a prompt evacuation is necessary ‒ whether because of a fire, flood or other disaster ‒ you need to be able to relocate operations without advance notice.

Mobility and communications services provider Converged Technology Professionals announced Tuesday it has acquired cloud storage and backup firm WeVault for an undisclosed sum, in a bid to grow its cloud computing subscriber base.

Wealth management firm London & Capital recently completed a migration of its general ledger system to the cloud, shortly after replacing the company’s tape-based backup with a cloud-based solution. But the firm’s chief information officer Glenn Murphy told Business Cloud News that despite taking a ‘cloud first’ approach to IT, most providers are still unwilling to cater to the more rigorous security controls required in the financial services sector.

Wealth management firm London & Capital has overhauled its data backup systems, replacing its on premise tape-based backup with a cloud-based alternative – saving the London-based firm an estimated £80,000 per year in the process.

Online cloud backup and storage provider SugarSync that it will begin transitioning to a paid-only service in February 2014, abandoning the freemium model it’s held for nearly a decade – the same model most of its competitors still hold to. The company’s chief executive officer Mike Grossman said businesses that offer free storage as the core of their model “will not be viable” over the long term, another sign the cloud storage market is heating up.